Price change
Commercial · For saleApr 1, 2026$1,895,000
Added Apr 1, 2026
Property type
Investment
Lot
102.36 × 150.38 Feet
Parking
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12 spaces
Taxes
$28,312 /yr
MLS®
X12945504
Listed by
Re/Max Quinte Ltd.
Source
TRREB
Days on market
220
58 and 60 Elgin Street, offered together at $1,895,000 per building. Two adjacent 12-unit buildings with 24 suites in all: 22 two-bedroom and 2 one-bedroom. 23 suites are occupied. The one-bedroom at 58-01 is vacant and in use as the seller's workshop. Net operating income on rents in place is $201,561 for the two buildings combined, a 5.3% cap rate at the combined price with substantial upside. Rents in place are below market. Investment summary available on request. Tenants pay heat and hydro, and every suite is separately metered. Both buildings have new fire alarm systems, installed in 2023 and 2024 at a cost of about $100,000, with notifier communication to the Belleville Fire Department. Windows are about 90% replaced at 58 Elgin and about 70% at 60 Elgin, and all were flashed in 2025. 24 surface parking spaces. One superintendent covers both buildings. This property is to be sold with the adjacent 12-plex listing.
60 Elgin Street, Belleville, ONGet directions
Estimate your monthly payment
Estimated monthly payment
$8,418/mo
Principal + interest
$8,418
Total interest
$1,009,345
Estimate only. Excludes property taxes, heating and maintenance. Rates and terms subject to lender approval.
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